A HELOC for flexible access to equity
Draw what you need, when you need it, and keep your first mortgage in place.
- Revolving line of credit
- Interest only on what you draw
- Keep your existing first mortgage
Real numbers. Straight answers. No pressure.
Tell us a little about your goals. Nelson will reach out the same business day with options from dozens of wholesale lenders.
See if you qualify: free, no commitment.
No pressure. Nelson will give you a straight answer about whether this works for your situation.
HELOC or fixed second?
A HELOC works like a credit card secured by your home: you draw, repay and draw again during the draw period. Rates are usually variable.
For ongoing or uncertain expenses, like a phased remodel, a HELOC is a good fit. For paying off a known balance, a fixed second mortgage usually gives you more certainty.
This is a good fit if you…
- Have an ongoing project with uncertain costs
- Want a safety-net line of credit
- Have solid equity
- Are comfortable with a variable rate
HELOC features
Draw as needed
Access funds during the draw period.
Pay on what you use
Interest only on the balance drawn.
Keeps your first mortgage
No need to refinance a low rate.
Buyers keep coming back
Nelson and Danna did an outstanding job processing everything for my VA loan. They were very quick and responsive, and everything went much quicker than I expected. I was very happy with the rate and fees they were able to get for me.
This is the 2nd time we have worked with them to buy a house… They helped us to ensure that we configured our mortgage the best way possible for our needs. They were in constant contact with us to make adjustments to get us the best deal possible.
I could not have been happier with my experience! Nelson and Danna went way above and beyond… you will get an incredible attention to detail, but most of all you will feel like you're talking to your friends.
Questions we hear often
How much can I borrow?
Often up to 80–90% combined loan-to-value, depending on lender and credit.
Is the rate fixed?
Usually variable. Some lenders offer fixed-rate options on portions of the balance.
How is a HELOC different from a second mortgage?
A HELOC is revolving and usually variable; a fixed second mortgage is a lump sum with a fixed payment.
Ready to see what you qualify for?
Talk with Nelson for 15 minutes. You'll leave with real numbers and a clear plan.